Russian Venture Capital I LP Fund, managed by Russian Venture Asset Management LTD (100% shares are owned by RVC), invests in innovative companies in foreign jurisdictions. Boasting access to the best practices of setting up venture transactions, it operates by transferring international technologies, which may be applied, in order to ensure competitiveness of Russian enterprises on the domestic and international markets. Some of the priorities of Russian Venture Capital I LP Fund include investing in innovative companies, throughout the world, in the following sectors: Energy savings and alternative energy; information and telecommunications technologies; high performance computing technologies, etc., by way of taking part in syndicated transactions with the leading players on the global venture market.
In April 2010, the Board of Directors of RVC resolved to join – via Russian Venture Capital I LP – the alliance of international venture investors that invest RUB 300 million in USD equivalent (USD 10 million at the RF Central Bank exchange rate) in the shares of Bright Source Energy Inc. in D investment round which totaled in excess of USD 150 million. The BrightSource Energy Inc. investor pool, which RVC has joined, includes Morgan Stanley, VantagePoint Venture Partners, Chevron Technology Ventures, BP Alternative Energy, StatOil HydroVentures, Draper Fisher Jurvertson, Alstom, and the California State Teachers’ Retirement System.
RVC is the only Russian investor that gained the opportunity to become part of such large scale high-tech transactions. Having formed its international venture fund, RVC is now able to develop a close partnership with the leading players on the global venture market.